The National Pension Trust is an occupational pension scheme, governed by a Professional Trustee who is wholly independent of all other service providers. The independent Professional Trustee regularly reviews all aspects of service provision.
Unlike many pension arrangements, there is a statutory responsibility on the independent Professional Trustee to govern the National Pension Trust to a high level. In addition, the Trustee always seeks to follow ‘best practice’.
The Trustee regularly reviews all aspects of service provision to members and acts upon the recommendations and findings of its advisors.
Safeguards are in place to ensure that contributions are correctly invested in a timely manner, investment options remain appropriate and effective support is provided to members on an ongoing basis and at retirement.
The National Pension Trust only provides DC benefits and thus is unaffected by any pressures or conflicts of interest inherent with Defined Benefit arrangements.
Efficient and effective administration
Administration is the foundation to any well run DC scheme. The National Pension Trust links people, processes and technology to deliver highly robust and quality administration. Specialist administration teams complete all transactions in a consistent and secure manner. Efficient and accurate ‘straight through processing’ enables a fast turnaround from deduction of contributions to conversion into investment units in individual accounts.
Quality and award winning
The administration team has been granted the quality accreditations of IS0 9001:2008 and AAF01/06.
The administration team were voted Third Party Administrator of the Year for 2011 and 2009 and has won industry awards for its pension software in five of the last six years.
2011 UK Third Party Administrator of the year
2009 Pensions and Investment Provider Award for Third Party Administrator of the year.